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Samroc Preliminary Results for the year ending 30 June 2008

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30 Jun 2008

Financial assets and liabilities carried on the balance sheet include loans, investments, cash and cash equivalents, accounts receivable and accounts payable. All financial instruments are initially measured at fair value. In the case of financial instruments not classified as at fair value through profit and loss, transaction costs that are directly attributable to the acquisition or issue of the financial instrument are added to the fair value.

Accounts receivable and loans originated by the company are measured at amortised cost using the effective interest rate method less any allowance for impairment. Accounts payable are stated at gross invoiced value less discounts. Foreign payables are re-valued at yearend spot rates prevailing in the market.